The IFC plea for absolute immunity from the suit under the International Organizations Immunities Act of 1945 (IOIA) that grants bodies like itself the “same immunity from suit” as is “enjoyed by foreign governments” secured for it a favourable decision in 2016 but EarthRights International, an advocacy group representing the plaintiffs, swung things in their favour when, in a recent 7:1 decision, the US Supreme Court ruled that the IFC was entitled only to limited or “restrictive” immunity that foreign governments enjoy, invalidating its claim for absolute immunity.
April 5, 2019By holding that Gujarat fishermen were entitled to sue the IFC in an American court, the US Supreme Court has expanded the horizons of international law
April 4, 2019India is on track to meet its climate targets, including reducing the greenhouse gas emissions by up to 35 per cent by 2030, by channelling trillions of dollars in private investments through a combination of policy reforms and innovative business models, a report said on Thursday. “Developing countries like India can meet climate targets promised …
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November 2, 2017The World Bank's private financing arm IFC has invested Rs.667 crore ($103 million) in L&T Infrastructure Finance Co by subscribing to the first official Green Bonds in India, a joint statement by both parties said on Thursday "This is in line with the International Finance Corporation's (IFC) strategy to support renewable energy infrastructure in the …
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July 6, 2017India is projected to see impact investments worth up to $40 billion by 2025 as the country is in a "sweet spot" with high potential to deliver solutions for various problems, according to global grouping GIIN. Based in New York, the Global Impact Investing Network (GIIN) is a not-for-profit group that works to promote impact …
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April 30, 2017Tata Cleantech Capital (TCCL) is looking at growing its asset book to around Rs.5,500 crore by fiscal 2019, with nearly $120 billion debt funds expected to flow into the renewable energy space in the next five years. TCCL, a joint venture between Tata Capital and International Finance Corporation, currently has an asset/loan book size of …
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April 23, 2017